In the circular flow of expenditure and income, Select one: a. households are sellers and firms are buyers in factor markets. b. households and firms are both sellers in goods markets. c. households...


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In the circular flow of expenditure and income,<br>Select one:<br>a. households are sellers and firms are buyers in factor markets.<br>b. households and firms are both sellers in goods markets.<br>c. households are sellers and firms are buyers in goods markets.<br>d. households are buyers and firms are sellers in factor markets.<br>Which of the following is correct about the basket of goods that makes up a country's consumer price index (CPI)?<br>Select one:<br>a. It consists of the same goods for every country that uses it<br>b. It updates the goods in the basket annually, but keeps prices constant<br>c. It updates the prices of the goods in the basket annually, but keeps the goods constant<br>d. It holds both the prices of goods and the goods themselves constant year after year<br>

Extracted text: In the circular flow of expenditure and income, Select one: a. households are sellers and firms are buyers in factor markets. b. households and firms are both sellers in goods markets. c. households are sellers and firms are buyers in goods markets. d. households are buyers and firms are sellers in factor markets. Which of the following is correct about the basket of goods that makes up a country's consumer price index (CPI)? Select one: a. It consists of the same goods for every country that uses it b. It updates the goods in the basket annually, but keeps prices constant c. It updates the prices of the goods in the basket annually, but keeps the goods constant d. It holds both the prices of goods and the goods themselves constant year after year

Jun 11, 2022
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